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Why Monster Beverage (MNST) Stock Is Rising Today

Written by: Tony Owusu08/08/14 - 3:50 PM EDT

Tickers in this article:
MNST

NEW YORK (TheStreet) -- Monster Beverage shares are up 7.4% to $69.94 in early market trading on Friday after reporting second quarter net income of $141 million, or 81 cents per diluted share, 6 cents better than analysts expected.

Revenue for the quarter fell below analysts expectations however, with the company reporting an 8.9% increase in revenue to $687.2 million, while analysts were expecting $693.54 million in revenue.

TheStreet Ratings team rates MONSTER BEVERAGE CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MONSTER BEVERAGE CORP (MNST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows: